American Eagle Energy Enters Bankruptcy

05/11/15

Colorado oil company American Eagle Energy Corp. has filed for chapter 11 bankruptcy protection after missing an interest payment to bondholders. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

A bankruptcy judge Friday said creditors of what remains of defunct TV-streaming service Aereo Inc. can vote on the company’s plan, which promises to pay them about 11 cents on the dollar, DBR (sub. req.) reports.

China tire maker Deruibao Tire Co. is now a target of a rescue effort led by the government, WSJ reports.

According to Bloomberg, investors in Puerto Rico’s public agencies don’t like the idea of permitting the agencies to file for bankruptcy.

San Bernardino, Calif., plans to file a bankruptcy plan Thursday, Reuters reports.

(And don’t forget to check out our blog post on two bankrupt Chicago horse tracks looking for buyers.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa

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